XML 33 R21.htm IDEA: XBRL DOCUMENT v3.20.2
FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)
 6 Months Ended
Jun. 30, 2020
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following tables present the Company’s financial instruments that are measured at fair value on a recurring basis:
 
June 30, 2020
 
Quoted Market Prices in Active Markets for Identical Assets (Level 1)
 
Significant Other Observable Inputs (Level 2)
 
Significant Unobservable Inputs
(Level 3)
 
Total
Fair Value
Measurements
 
(In thousands)
Assets:
 
 
 
 
 
 
 
Cash equivalents:
 
 
 
 
 
 
 
Money market funds
$
156,063

 
$
—

 
$
—

 
$
156,063

Treasury discount notes
—

 
174,987

 
—

 
174,987

Time deposits
—

 
2,936

 
—

 
2,936

Total
$
156,063

 
$
177,923

 
$
—

 
$
333,986

 
December 31, 2019
 
Quoted Market Prices in Active Markets for Identical Assets (Level 1)
 
Significant Other Observable Inputs (Level 2)
 
Significant Unobservable Inputs
(Level 3)
 
Total
Fair Value
Measurements
 
(In thousands)
Assets:
 
 
 
 
 
 
 
Cash equivalents:
 
 
 
 
 
 
 
Money market funds
$
291,810

 
$
—

 
$
—

 
$
291,810

Time deposits
—

 
23,040

 
—

 
23,040

Total
$
291,810

 
$
23,040

 
$
—

 
$
314,850
Schedule of Carrying Value and Fair Value of Financial Instruments
The following table presents the carrying value and the fair value of financial instruments measured at fair value only for disclosure purposes:
 
June 30, 2020
 
December 31, 2019
 
Carrying value
 
Fair value
 
Carrying value
 
Fair value
 
(In thousands)
Current portion of long-term debt
$
(13,750
)
 
$
(13,750
)
 
$
(13,750
)
 
$
(13,681
)
Long-term debt, net (a)
$
(225,336
)
 
$
(226,875
)
 
$
(231,946
)
 
$
(232,581
)
_________________
(a) 
At June 30, 2020 and December 31, 2019, the carrying value of long-term debt, net includes unamortized debt issuance costs of $1.5 million and $1.8 million, respectively.